Published 46 mins ago
Lawmakers and journalism groups blast big tech for sending news industry into 'economic freefall'
By Andrew O'Reilly | Fox News
DOJ, FTC may open antitrust investigations into big tech
University of Tennessee Law professor says the rest of the world is tackling 'dataopolies' and the U.S. has yet to take action on the issue.
The House Judiciary Committee on Tuesday heard testimony from a number of media activists and journalists about the harmful impact that tech giants like Google and Facebook are having on news organizations, news content and online advertisers.
Some news outlets and journalism groups accuse big tech of jeopardizing the industry's economic survival by posting news content on their platforms without paying for it and perpetually changing algorithms.
“It’s important to fight against consolidated power,” said Gene Kimmelan, president of Public Knowledge, an open-Internet advocacy group, “particularly when it comes to the market of ideas.”
FACEBOOK'S AVERAGE US USER SPENT 38 MINUTES PER DAY ON THE PLATFORM, A DROP FROM 2017, BUT INSTAGRAM USAGE INCREASED
The hearing on Tuesday came as the House Judiciary Committee launched an investigation into Facebook and Google practices amid claims that the two Silicon Valley behemoths are operating a monopoly.
“A free and diverse press is the backbone of our democracy,” Rep. David Cicilline, D-R.I., who heads the antitrust subcommittee, said in his opening statement. “Over the past decade the news media has been in a state of economic freefall.”
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READ MORE: https://www.foxnews.com/politics/lawmakers-and-journalism-groups-blast-big-tech-for-sending-news-indurstry-into-economic-freefall
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